Hancock employment information

IndexHancockMichiganNational
Income per capita$21,737$27,549$29,829
Median household income$35,698$50,803$55,322
Median income owner occupied$51,641$62,251$70,586
Median income renter occupied$20,665$28,598$35,192
Median earnings male$15,500$35,730$36,919
Median earnings female$12,975$22,948$26,250
Unemployment rate3.4%5.2%4.7%
Poverty level28.1%16.3%15.1%
The Hancock, MI employment information can be a key indicator when searching for a new job. A good indicator of the strength of the job market is the income per capita and the median household income. The income per capita in Hancock is $21,737, which is 21% lower than than the Michigan average and 27% lower than than the national average. The median household income is $35,698, which is 30% lower than than the Michigan average and 35% lower than than the national average. The unemployment rate in Hancock is 3%, which is 27% lower than than the national average. The poverty rate in Hancock is 28% which is 86% higher than than the national average.

am i middle class

$Input your household income
$23,796$35,698$71,396
City
$33,865$50,803$101,606
State
$36,877$55,322$110,644
Nation
According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

Did you know?

  • The income per capita in Hancock is 27% lower than the national average.
  • The median household income in Hancock is 35% lower than the national average.
  • Male median earnings are 41% higher than female median earnings.
  • The unemployment rate in Hancock is 27% lower than the national average.
  • The poverty level in Hancock is 86% higher than the national average.

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Compare Hancock, MI Employment To Other Cities

Employment status

Hours worked per week

Hancock median earnings by income bracket

Hancock employment by industry

Labour TypeMaleFemale
Construction industry3.6%0.0%
Manufacturing sector8.0%2.3%
Financial & insurance services3.5%4.8%
Wholesale & retail services16.9%19.2%
Public administration5.1%2.1%
Transportation, warehousing & utilities2.9%0.0%
Education, health & social services22.8%40.4%
Other37.3%29.9%

Nearby cities with high median household income

City, StatePopulationHousehold IncomeNational Avg.
Hubbell, MI1,025$41,40625%
Dollar Bay, MI783$40,62527%
Laurium, MI2,007$36,70134%
Copper City, MI255$33,75039%
Lake Linden, MI1,157$29,44447%
Hancock, MI4,596$35,69835%

Cities with similar population

City, StatePopulationHousehold IncomeNational Avg.
Watford City, ND4,596$73,75033%
McLoud, OK4,596$44,45320%
Point Pleasant Beach, NJ4,594$86,89957%
Penn Yan, NY4,598$31,34243%
East Palestine, OH4,598$40,85426%
Hancock, MI4,596$35,69835%
Source: The Hancock, MI employment data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).